OGE Energy (OGE) Stock Price, News & Analysis

Company Overview

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets. OGE Energy Corp. was founded in 1902 and is headquartered in Oklahoma City, Oklahoma.

Key Stats

• Today's Range: $40.64 to $41.06
• 50-Day Range: $37.37 to $41.19
• 52-Week Range: $31.25 to $41.48
• Volume: 756,971 shs
• Average Volume: 889,863 shs
• Market Capitalization: $8.20 billion
• P/E Ratio: 20.73
• Dividend Yield: 4.09%
• Price Target: $36.86
• Consensus Rating: Hold

OGE Energy Stock Analysis - MarketRank™

OGE Energy scored higher than 82% of companies evaluated by MarketBeat, and ranked 34th out of 96 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

OGE Energy has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 1 buy rating, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

OGE Energy has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.14%

Earnings Growth

Earnings for OGE Energy are expected to grow by 5.14% in the coming year, from $2.14 to $2.25 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of OGE Energy is 20.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.43.

Price to Earnings Ratio vs. Sector

The P/E ratio of OGE Energy is 20.73, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 63.78.

Price to Earnings Growth Ratio

OGE Energy has a PEG Ratio of 3.63. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

OGE Energy has a P/B Ratio of 1.81. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.84% of the float of OGE Energy has been sold short.

Short Interest Ratio / Days to Cover

OGE Energy has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in OGE Energy has recently decreased by 3.16%, indicating that investor sentiment is improving.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Leadership

OGE Energy is a leading dividend payer. It pays a dividend yield of 4.10%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

OGE Energy has been increasing its dividend for 18 years.

Dividend Coverage

The dividend payout ratio of OGE Energy is 84.77%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, OGE Energy will have a dividend payout ratio of 74.22% next year. This indicates that OGE Energy will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.1 / 5
• Environmental Score: -5.64

Percentage of Shares Shorted

1.84% of the float of OGE Energy has been sold short.

Short Interest Ratio / Days to Cover

OGE Energy has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in OGE Energy has recently decreased by 3.16%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 0.83

News Sentiment

OGE Energy has a news sentiment score of 0.83. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for OGE Energy this week, compared to 6 articles on an average week.

Search Interest

10 people have searched for OGE on MarketBeat in the last 30 days. This is an increase of 233% compared to the previous 30 days.

MarketBeat Follows

4 people have added OGE Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, OGE Energy insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.53% of the stock of OGE Energy is held by insiders.

Percentage Held by Institutions

71.84% of the stock of OGE Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

OGE Stock Analysis - Frequently Asked Questions

How have OGE shares performed this year?

OGE Energy's stock was trading at $34.93 at the beginning of 2024. Since then, OGE shares have increased by 16.9% and is now trading at $40.84.
View the best growth stocks for 2024 here.

How were OGE Energy's earnings last quarter?

OGE Energy Corp. (NYSE:OGE) posted its quarterly earnings data on Wednesday, August, 7th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.05. The business's revenue for the quarter was up 9.5% compared to the same quarter last year.

When did OGE Energy's stock split?

OGE Energy's stock reverse split before market open on Saturday, January 1st 2000. The 0.75-1.5 reverse split was announced on Saturday, January 1st 2000. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, July 2nd 2013. An investor that had 100 shares of stock prior to the reverse split would have 50 shares after the split.

How do I buy shares of OGE Energy?

Shares of OGE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of OGE Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that OGE Energy investors own include AT&T (T), Pfizer (PFE), ONEOK (OKE), Exxon Mobil (XOM), Energy Transfer (ET), Intel (INTC) and Altria Group (MO).

Company Calendar

• Ex-Dividend for 7/26 Dividend: 7/08/2024
• Dividend Payable: 7/26/2024
• Last Earnings: 8/07/2024
• Today: 9/29/2024
• Ex-Dividend for 10/25 Dividend: 10/07/2024
• Dividend Payable: 10/25/2024
• Next Earnings (Estimated): 11/06/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric services
• Sub-Industry: Electric Utilities
• Current Symbol: NYSE:OGE
• CUSIP: 67083710
• CIK: 1021635
• Web: www.oge.com
• Phone: (405) 553-3000
• Fax: 405-553-3760
• Employees: 2,329
• Year Founded: 1902

Price Target and Rating

• Average Stock Price Target: $36.86
• High Stock Price Target: $46.00
• Low Stock Price Target: $32.00
• Potential Upside/Downside: -9.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.14
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.97
• Trailing P/E Ratio: 20.73
• Forward P/E Ratio: 19.08
• P/E Growth: 3.63
• Net Income: $416.80 million
• Net Margins: 14.83%
• Pretax Margin: 16.83%
• Return on Equity: 9.15%
• Return on Assets: 3.18%

Debt

• Debt-to-Equity Ratio: 1.08
• Current Ratio: 0.71
• Quick Ratio: 0.36

Sales & Book Value

• Annual Sales: $2.67 billion
• Price / Sales: 3.07
• Cash Flow: $4.62 per share
• Price / Cash Flow: 8.84
• Book Value: $22.53 per share
• Price / Book: 1.81

Miscellaneous

• Outstanding Shares: 200,870,000
• Free Float: 199,485,000
• Market Cap: $8.20 billion
• Optionable: Optionable
• Beta: 0.74